Global Automotive Rocker Panel Market Size By Type (Lower Quarter Panels, Door Rocker Panels), By Vehicle Type (Light Duty Vehicles, Medium Duty Vehicles), By Sales Channel (Aftermarket, Original Equipment Manufacturers (OEMs)), By Material (Fiber, Rubber), By Geographic Scope And Forecast

Automotive Rocker Panel Market Size And Forecast

Automotive Rocker Panel Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2022 to 2030.

The expanding automobile sector, particularly in developing and emerging nations throughout the world, is one of the primary drivers of the Automotive Rocker Panel Market. Increasing legislation and design requirements aimed at improving passenger safety are leading to increasing levels of crash test analysis, which emphasizes materials with better strength. As a result, the need for tougher and more durable vehicle rocker panels is increasing. The Global Automotive Rocker Panel Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Automotive Rocker Panel Market Definition

An automotive Rocker Panel is a device that pumps gasoline or fuel from the gas tank to the engine’s injectors. The pump creates positive electrical pressure in the fuel lines, which transports gasoline to the internal combustion engine. It is often placed in passenger automobiles, as well as light and large commercial vehicles, and is programmed to transmit signals to the engine indicating the amount of gasoline necessary in the tank. In compared to standard mechanical pumps, it has a longer service life, less noise, better fuel supply, and better interference suppression.

It prevents the vehicle’s bottom from sinking in the center, and its great strength prevents deformation in the event of an accident. Because of these appealing qualities, the demand for automobile rocker panels is predicted to rise significantly throughout the forecast period. The rising requirement to replace outdated rocker panels with new ones is expected to boost the global Automotive Rocker Panel Market.

Global Automotive Rocker Panel Market Overview

Significant expansion in the automotive industry is one of the primary reasons driving the market’s favorable outlook. In keeping with this, automakers are producing rocker panels that fulfill security criteria while also improving the vehicle’s visual appeal. They are also developing product versions with increased strength, security, and durability. Various product advancements, such as the use of lightweight polymers, such as modified polycarbonate and polybutylene terephthalate, to create rocker panels, are also working as growth drivers.

These materials contribute to the vehicle’s overall weight reduction and improved fuel economy. In keeping with this, manufacturers are replacing obsolete, damaged, or degraded rocker panels with new, upgraded corrosion-resistant materials. Other reasons, including rising demand for heavy vehicles such as trucks in the transportation industry, as well as the widespread adoption of electric and hybrid vehicles (EVs/HVs), are likely to propel the market even further.

Furthermore, the installation of severe government laws relating to a variety of security requirements is boosting the market growth. Additionally, the introduction of electric cars as a result of increased environmental concerns is stimulating the industry. Furthermore, rising demand for used automobiles, as well as increased repair and maintenance operations, are driving the usage of automotive rocker panels in the aftermarket segment. Various technical developments have resulted in the creation of improved product varieties in the market, which is projected to fuel market expansion further.

Global Automotive Rocker Panel Market Segmentation Analysis

The Global Automotive Rocker Panel Market is segmented on the basis of Type, Vehicle Type, Sales Channel, Material, and Geography.

Automotive Rocker Panel Market, By Type

• Lower Quarter Panels• Door Rocker Panels

Based on Type, the market is segmented into Lower Quarter Panels and Door Rocker Panels.

Automotive Rocker Panel Market, By Vehicle Type

• Light Duty Vehicles• Medium Duty Vehicles• Heavy Duty Vehicles

Based on Vehicle Type, the market is segmented into light Duty Vehicles, Medium Duty Vehicles, and Heavy-Duty Vehicles. Heavy-Duty vehicles are predicted to rise significantly in this sector due to increased usage of vehicles in the construction and oil and gas industries.

Automotive Rocker Panel Market, By Sales Channel

• Aftermarket• Original Equipment Manufacturers (OEMs)

Based on Sales Channel, the market is segmented into Aftermarket and Original Equipment Manufacturers (OEMs). This market is projected to be dominated by the OEM segment. Rising investments in car manufacturing in new markets, as well as changing customer preferences for personal transportation, will drive corporate development. The aftermarket Automotive Rocker Panel Market is predicted to grow considerably over the forecast period. The industry will grow during the forecast period as a result of aggressive growth by original equipment manufacturers into the aftermarket business, as well as greater spending on customer experience improvement.

Automotive Rocker Panel Market, By Material

• Stainless Steel• Fiber• Rubber

Based on Material, the market is segmented into Stainless Steel, Fiber, and Rubber. In the automobile sector, stainless steel automotive rocker panels are expected to outsell fibre automotive rocker panels. This increase in stainless steel vehicle rocker panel sales is predicted to be linked to the product’s extra protective features against stone and pebble peeling and chipping in the door panel body.

Automotive Rocker Panel Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Geography, the Global Automotive Rocker Panel Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The rising demand for light commercial vehicles is likely to boost the market for automotive rocker panels in North America and Western Europe. The growing need for transportation vehicles for the construction and oil and gas sectors in Latin America, the Middle East, and Africa is likely to drive demand for automotive rocker panels in the future years. With its cutting-edge technology, Japan is likely to emerge as a significant market for automobile rocker panels throughout the forecast period.

Key Players

The “Global Automotive Rocker Panel Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Auto Metal Direct LLC, Classic 2 Current Fabrication, Putco Inc., Rugged Ridge, Smittybilt, SMP Deutschland GmbH, Willmore Manufacturing Inc., B&I, Nor/Am Auto Body Parts and Innovative Creations.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• On 1 September 2021, Standard Motor Products, Inc., a prominent automobile components manufacturer and distributor, announced the acquisition of 100% of the capital stock of Stabil Operative Group GmbH, a German firm.

• On 1 June 2021, Standard Motor Products, Inc. (NYSESMP), a prominent producer and distributor of automotive components, said that it has purchased 100 percent of the capital stock of Trumpet Holdings, Inc., a Delaware business.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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